Billionaire George Soros has bought a stake in Manchester United football club
George Soros’ investment fund bought about 3.1 million Class A shares in the club, according to the Securities and Exchange Commission.
Class A shares carry one vote each, compared with 10 votes for every Class B share.
The club floated on the US stock market earlier this month.
While the figure was less than originally hoped, the flotation valued the club at more than $2.3 billion, making it one of the biggest sports clubs in the world.
Manchester United has been controlled since 2005 by the Glazer family, the billionaire US sports investors who also own the Tampa Bay Buccaneers American football franchise.
About half of the $233 million that the club raised from its flotation will go to paying off the club’s debts, with the rest going to the Glazers.
Manchester United’s shares on Monday closed down 2.7% at $13.06, after hitting a fresh low of $12.91 earlier in the day.
Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…
Misleading allegations, rumours and outright lies about voting and fraud are flooding online spaces in…
At least 158 people have died in Spain's worst flooding disaster in generations. On October…
Google has been fined two undecillion (a two followed by 36 zeroes) roubles by a…
Embarking on a home remodel is an exciting journey, promising enhanced comfort, increased property value,…
The US presidential candidates continued to campaign across key swing states on October 20. Footage…
